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The notion of a stable, predictable path to prosperity was a unique 30-40 year period when the US was a monopoly power. Sorkin argues that today's economic precarity is a return to a historical norm of instability, not a breakdown of a long-standing system.

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Most 20th-century nations experienced an "economic apocalypse" (communism, hyperinflation). The US, Canada, and Australia are rare exceptions. This long-term stability has created a cultural blind spot, making the American population uniquely unprepared for systemic financial crises.

Data reveals a stark decline in US economic mobility. Fifty years ago, an American born into the bottom 25th percentile of wealth had a 25% chance of reaching the top 25th. Today, that probability has collapsed to just 5%, indicating a far more rigid class structure and a threat to the nation's dynamism.

The popular image of the American Dream—a suburban house with a white picket fence—is a product of the 1950s, not a long-standing historical goal. It arose from a unique post-WWII period when the US was a "monopoly power," enabling a standard of living that may have been an aberration.

The default path to prosperity provided by a societal framework is broken due to systemic economic issues. However, individuals can still thrive by focusing on developing high-utility skills, creating their own path to success.

The prevalent Milton Friedman-style, shareholder-only capitalism has only been the dominant model since about 1970. This neoliberal approach is just one phase in capitalism's history, not its fundamental, unchanging definition. This historical context opens the door for a new consensus to form.

The post-WWII global system was always fated to end in this decade. The root causes are long-term trends in trade and demographics, specifically aging populations running out of working-age adults. Trump is merely the political figure officiating this pre-destined formal break, not its architect.

Donald Trump is not the root cause of America's instability but rather a symptom of deeper, long-term issues. These include a decades-long breakdown in institutional trust, the collapse of the "American dream" of upward mobility, and extreme inequality. Focusing solely on Trump distracts from these more fundamental drivers of political crisis.

The "American Dream" has bifurcated. Productivity gains made manufactured goods cheaper, but services (healthcare) and assets (housing) became prohibitively expensive because their productivity is harder to improve. This redefines what is achievable for many.

The period from 1870-1914 mirrors today's super cycle of innovation, wealth concentration, inequality, populism, nationalism, and geopolitical rivalry. This makes it a more relevant historical parallel for understanding current risks than the recent era of hyper-globalization.

The widespread feeling that the system is "rigged" stems from specific government policies. Deficit spending and inflation systematically devalue labor and make key assets like homes unaffordable, robbing non-asset holders of their ability to build wealth and achieve upward mobility.